SAN FRANCISCO—Thanks largely to a sharp increase in demand from foundry customers, chip equipment supplier KLA-Tencor Corp. logged better-than-expected sales and returned to profitability in the quarter ended Sept. 30, the company said Thursday (Oct. 29).
KLA-Tencor (Milpitas, Calif.) notched sales for the quarter of $343 million, up 22 percent from the previous quarter, but down 35 percent compared to the year-ago quarter.
The company's GAAP net income for the quarter, the first of its fiscal 2010, was $20 million, up from $19 million in the year ago quarter. For the previous quarter, KLA-Tencor recorded a GAAP net loss of $26 million.
In a statement, Rick Wallace, KLA-Tencor president and CEO, said the company's results for the quarter got a boost from a one-time non-operating gain and by a lower than normal tax rate.
Analysts, on average, had been expecting KLA-Tencor's revenue for the fiscal first quarter of 2010 to be about $323 million, according to Yahoo Finance. The company's non-GAAP earnings per share for the quarter, 15 cents, also exceeded analyst expectations.
KLA-Tencor reported $493 million worth of order in the September quarter, up roughly 50 percent compared to the previous quarter. The company said it expects to report revenue for the December quarter of between $420 million and $450 million.
RSS
Digital
10 emerging technologies to watch:
EE Times has compiled a list of emerging technologies that we think will be worth watching out for in 2010. Biofeedback or thought-control of electronics are among the contenders.
10 CEOs out in 2009:
It's been a tough year for the global electronics industry and CEOs. We survey the dismissal of 10 industry CEOs during the first three quarters of 2009 and what's ahead for the rest of the year.
Executive pay:
The economy stinks. Rank-and-file engineers are feeling the pain. What about technology CEOs? We crunched the numbers buried in corporate financial statements to find out. Here's what we found.
10 companies in trouble (revisited):
What follows is an updated version of 10 companies in trouble. Some companies have been removed since the last version, others remain. Still others have been added to the mix.
Early predictions for 2010:
The electronics industry is recovering, but there is still some uncertainty in the market. Some see a boom year in 2010. Some see a double dip. So what's in store for the rest of this year and 2010?
Top 10 IC vendors with cash:
The world's biggest IC companies by revenue rank not only among the best in their respective industry segments but are also more likely to have huge piles of cash that can be used to fund acquisitions, R&D and product development.
Notable women in microelectronics:
There is no better time than a global economic recession to examine the keys to successful corporate governance. So, EE Times has compiled an international list that celebrates women who are business and technology leaders in semis.
EE Times updates Silicon 60:
Seventeen companies have been added to the lastest version of our Silicon 60 list of emerging startups. Forty-three companies survived as emerging companies that are still worth watching.
RSS| 
Digital| 
Mobile
